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Airport Retailing Market Analysis By Size, Share Trends, Future Growth, Emerging Trends, Qualitative Outlook, Forecast To 2030 | (CAGR) of 11.6%

Report Ocean published the latest research report on the Airport Retailing market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Airport Retailing market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

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The global airport retailing market size was US$ 18.9 billion in 2021. The global airport retailing market is forecast to grow to US$ 49.4 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.6% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The global airport retailing market is forecast to witness tremendous growth due to the growing interest of people in traveling and exploring unique holiday destinations. In addition to that, growing disposable income and changing living standards of the people will drive the growth of the airport retailing market during the analysis period.

The global airport retailing market is also driven by the increase in the number of high-net-worth individuals (HNIs). Furthermore, growing tourism promotion and technological advancements in the tourism sector will contribute to market growth during the study period.

The growing inclination of consumers toward a luxurious lifestyle will benefit the market during the forecast period.

COVID-19 Impact Analysis

Every industry has been affected by the COVID-19 pandemic. Tourism has been hit hard around the world, affecting other connected industries such as travel agencies, hotels, tour operators, and various modes of transportation. Due to various travel restrictions, approximately 90% of the world’s population adapted to their new lifestyles by staying at home and working remotely. As a result, the tourism industry ceased operations. In August 2020, the World Travel and Tourism Council (WTCC) published an article estimating that the COVID-19 pandemic will cost the tourism industry nearly $25 billion in revenue and nearly 100 million jobs globally. Thus, the COVID-19 pandemic poses a threat to the airport retailing market.

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Regional Analysis

Region-wise, the Asia-Pacific in airport retailing market is forecast to emerge as the largest airport retailing market. It is owing to the presence of prominent local tourist destinations. Furthermore, growing disposable incomes, changes in consumer lifestyle, and growing tourism industry will fuel the growth of the airport retailing market during the study period.

After the Asia Pacific, Europe is expected to emerge as the second-largest market for airport retailing. In addition to that, North American airports are also investing heavily in enhancing the visitor experience through advancements in boarding, lodging, catering, parking, and advertising. Thus, it will significantly contribute to the growth of the airport retailing market during the study period.

Competitors in the Market

  • Dubai Duty-Free
  • Airport Retail Group LLC
  • DFS Group Ltd.
  • China Duty-Free Group Co., Ltd.
  • King Power International
  • Dufry AG
  • Japan Airport Terminal Co., Ltd.
  • Gebr. Heinemann SE & Co. KG
  • Flemingo International
  • Other Prominent Players

Market Segmentation

The global airport retailing market segmentation focuses on Product, Airport, Distribution Channel, and Region.

By Product Outlook

  • Liquor & Tobacco
  • Perfumes & Cosmetics
  • Fashion & Accessories
  • Food & Beverages
  • Others

By Airport Size Outlook

  • Large Airport
  • Medium Airport
  • Small Airport

By Distribution Channel Outlook

  • Direct Retailer
  • Convenience Store
  • Specialty Retailer
  • Departmental store

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By Regional Outlook

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

What factors are taken into consideration when assessing the key market players?

  • The report analyzes companies across the globe in detail.
  • The report provides an overview of major vendors in the market, including key players.
  • Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
  • This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
  • Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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